Man Industries (India), a leading manufacturer of large-diameter carbon steel line pipes and coating systems for the oil and gas sector, reported that its net profit in the March quarter was down 25 per cent to ₹51 crore against ₹68 crore logged in the same period last year, largely due to higher cost.

Man Industries reports a 25% drop in Q4 net profit to ₹51 cr, impacted by decreased revenues.

Man Industries (India), a leading manufacturer of large-diameter carbon steel line pipes and coating systems for the oil and gas sector, reported that its net profit in the March…